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October 10th 2013:The Arrogance of Institutions-4: Government Shutdown! Pending Default! The Unintended of Consequence of Money in Politics? Or Part 2 of a Calculated Long-term Strategy to Shrink Government?

What better example of the arrogance of institutions the US government shutdown & the threat to force the US to default on its debt, thereby creating chaos in world financial markets? “The problem is that both parties have been bought by the Chamber of Commerce,” says Robert A. G. Monks, author of “Citizens DisUnited: Passive Investors, Drone CEOs & the Corporate Capture of the American Dream." “But the “kamikaze” Republicans are those they haven’t bought.” ”The real problem is that corporate contributions helped elect them in 2010,” counters Bruce Freed (Center for Political Accountability) ”

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Robert A.G. Monks

Robert A.G. Monks, author of Citizens DisUnited: Passive Investors, Drone CEOs, and the Corporate Capture of the American Dream and Corpocracy, Corporate Governance, Watching the Watchers, Corporate Valuation and others, is a pioneering shareholder activist and corporate governance adviser. He has written widely about shareholder rights & responsibility, corporate impact on society and global corporate issues. He is a founder of Institutional Shareholder Services and GMIRatings (formerly The Corporate Library). He is the 2013 recipient of the Frankel Fiduciary Prize. Visit http://www.ragm.com , and follow Bob Monks on Facebook and Twitter.